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tv   Mad Money  CNBC  April 30, 2019 6:00pm-7:00pm EDT

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job. >> great to have you, q. >> great to have you >> the fun show. mckesson, very bad over the last couple of months seems to be turning and you get long into their may 8th earnings release. >> guys, thanks for having me. >> that does it fo my missioe to make you money. i'm here to level the playing field for all investors. there is always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome into "mad money. welcome to cramerica i do want to make friends but just trying to educate and teach you so call me at 800-743-cnbc or tweet me at jim cramer. every now and then i worry we live in the dumbest of all possible worlds. i look at some of the digital stocks and they are breath
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taking in their stupidity. i wish i were joking but a day like today, the blue chips up and the s&p advancing and again, nasdaq plummeted .6% and you could see so many moves that with truly idiotic, too idiotic for words. it is based on nothing and only after moves, a few moments later and, hey, maybe it makes a certain amount of sense. why shouldn't the stock market be full of irrationality after all, our president embarked on a major new economic strategy with hitting send on a few tweets the federal reserve reserve legit and i buy into it. and when he said it lifted traits even though inflation is low he's making a good point with looser monetary policy he believes that, quote, we have the potential to go up like a rocket, end quote. in theory i love the rate cut but you can't get there by using the bully pulpit by putting the
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fed into submission. i don't know what the president is trying to accomplish with the fed and why not just point guys with dovish records. one of them was on our air today. in the world when the president makes policy of social media, the stock market has illogical moves but today's actions still bug the heck out of me there were moments where it felt like we had gone full-blown idiocy there is some rationality and the market is crazy like a fox, all of the people who bought apple into today's quarter would get burned and feel like dopes but the buyers knew what they were doing and apple propelled the stock into the stratosphere, even though it had already run up dramatically over the past few months not only did apple deliver nice top and bottom but china is turning around when i spoke to tim about, it i
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was surprised how bullish he was -- and that is tim keek the ceo. and it picks up again at the quarter and the wearables could make the current quarter a excellent one. of course it did not hurt that the stock was down today i like that. wow, that is pretty good who did that >> heather. >> heather and danielle, congratulations. that is one unbelievably good graphic. i'm kind of stunned like that. it lo it looks like it could be used on national tv. >> and so these summer patriots, apple bought back billion dollars of stock with an average price of $167. it is a two tenth. and did the possibility that some enterprising analysts might realize that the lifetime value of the service stream of an iphone user, all of the things, the credit card, the music and the pictures back and that may turn out to be the greatest
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annuity stream of all time the lifetime value that is my next big value. tim cook, congratulations, another fantastic quarter. and those that disparage everything this man accomplished and he came by this afternoon and can't say on air how i feel about your ill-advised grill go pound sand. so keep the positive in mind -- look at this it fell from the tree. because what looks like stupidity today might be smart tomorrow but first let's talk about guilt by association last night alphabet, google, reported a major shortfall even as management said it was a great quarter and stock plunged. forget the 90 days of google time but the truth is alphabet's issues were company specific the weakness tells you that the competitors are taking share and taking names company is losing market share and the ad business with amazon and facebook and both present
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seamless alternatives. facebook is for a small or medium size business and amazon and facebook would have rallied they are beating the stuffing out of alphabet but instead amazon and facebook saw stocks go down today based on the theory that if alphabet is doing badly, everybody is doing badly. that is stupid nonsense they are losing business to amazon and facebook and competitors. and they are all part of the same network, faang, there are a ton of etfs so when one takes a hit, it is the whole group at least you would buy the winners and the market stupidity could be your opportunity. what else is driving me nuts how but the entire consumer package today. the stocks driven by the ridiculous feud we're about to go into a recession. i like pepsi and kimberly clark and proctor and gamble but this had moves on no real news. i mean literally nothing
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and people are saying the stocks are rallying and people say recession around the corner and i say maybe portfolio managers -- but the economy is in great shape and it is lunacy to rally like this why? well we know this. one of the reason is the transports are on fire not that long ago fedex reported quarters with feeling like ice hacks and since then they are rallying nonstop and now united parcel is in the same footsteps. an ugly quarter but now they are coming back. which begs the question. if people prying pepsico or proctor, why are they doubling down portfolio managers are sker siegz the right -- exercising the right to do stupid things.
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and today [ inaudible ] decided to accept $10 million of warren buffett's money to make it work. i'm not a fan. ox dental pays 5% and they have paying buffet 8% on the money invested i love being affiliated with warren buffett and i don't love owning companies that think they need to pay him way too much interest if i were ox dental i would borrow from the market and cheaper and no category of preferred stock that is more preferred than you are my view, i don't need anadarko for my trust which you could follow by joining the dotcom club but it is time for anadarko and oxidental. and 18 million in one instagram. thank you, heather she's valuable today i bet it would have. bottom line here, look, when this stock market does something stupid, that is your opportunity to take the other side of the trade and do something smart but i can't say i like it when
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the action is this foolish because it creates outrageous opportunities. well let's just say i don't like it because i don't like the market to denigrate itself i do like it because it gave you a chance to buy apple. henry in georgia henry? >> caller: boo-yah, big bull market from georgia, jim. >> that is spirited. that is what i call spirited boo-yah. >> caller: you like that i'm glad. >> i do. >> caller: erj, i like the stock and the company, with all of the trouble with boeing and the max 737, before i put up a plane load into this stock, tell me, worth it or not? show me what you know, jim >> well i wouldmuch rather see you in a company that could benefit either way i mean -- why not be in honeywell or united technologies i think you're selling yourself short and you're from georgia. he don't want that to happen it is not fair to you. you showed spirit and saw dah
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veef and i don't want you to lose money don't go there to dee in virginia >> reporter: boo-yah, jim. "mad money" rocks. >> you bet it does. >> caller: tlaft time i called i told you i'm your biggest fan. we love your show. we're to grateful to be part of the "mad money" community. >> yes. >> caller: so thank you. so today i was watching so much on the news that the great earnings report from mastercard. >> it was so fabulous. >> reporter: and customers for a long time and we have a -- a long-term stock portfolio. so what do you say about -- >> oh, no. this was in our bull pen to be added next thursday when i do my plus.com plug call and both have gotten away. a.j., will you please come on the show i don't beg. so i'm not begging please come on i'm begging. alex in california, please,
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alex. >> caller: boo-yah, mr. jim cramer. >> that is terrific. >> caller: i'm just having some lunch but i had a question for bank of america. ahead of the fed meeting tomorrow and of the total sector, what do you think of bank of america in the financials. >> i like bank of america but i'll come back to jp morgan. bank of america was good and there was an ill-advised person downgrade and it is expensive and not as cheap as citi and i like jp morgan better. today bugged me. i'm being real honest. some stocks were plain out stupid but that 10% in opportunities like apple and once again congratulations to tim cook and those who want to criticize him, let me tell you, i'm giving my address at the end of the show. "mad money" tonight, it is a company with over 800,000 businesses like kylie cosmetics and two mentions of kylie so far
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in the show but is there still time to buy shopify. and i'm talking to the top executive. and then i'm coming down on a company. and my exclusive with zebra technologies has the company changed their stripes? we'll see. stay with cramer >> announcer: don't miss a second of "mad money." follow @ jimcramer on twitter. have a question, tweet cramer on #madtweets and to cnbc.com or give us a call at 800-743-cnbc ss something head to madmoney.cnbc.com. alright boys, time for bed.
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listen to your mom, knuckleheads. hand em over. hand what over?
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video games, whatever you got. let's go. you can watch videos of people playing video games in the morning. is that everything? i can see who's online. i'm gonna sweep the sofa fort. well, look what i found. take control of your wifi with xfinity xfi. let's roll! now that's simple, easy, awesome. xfinity xfi gives you the speed, coverage and control you need. manage your wifi network from anywhere when you download the xfi app today. >> shopify wants to grow your small business, or as they call it, from first sale to full scale. >> shopify was built to help anyone who has an idea to start a great business. >> with a new partnership with snap, will this small commerce captain navigate big returns for investors? >> look at shopify we're so excited this morning on "squawk on the street" when they printed the number
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$18.08% to give you a 39% gain since we heard from them in february if you remember, shopify is a cloud-based software company that gives small and medium size businesses to create their own online stores. i'm a huge fan but i didn't expect the epic blowout this morning. nine cents a share and higher than expected sales, up 50%, year-over-year and probably the highest i've seen and a bullish forecast next quarter. the reason the stock is ridiculous, a battleground, a ton of short sellers betting shopify and disappoint, good luck and that add more fuel to the fire can you keep climbing. and with harley finkelstein, welcome back to "mad money." good to see you. we talk about how -- what shopify does i think of it like this. everybody is equal at shopify. it doesn't matter whether you are $10 billion or $100 billion company or a person tinkering, you have empowered more people
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than any other company i've ever seen how do you do it >> thanks for saying it. that is what we're all about making it much easier for entrepreneurs get started. the first time i got my sale i was in school and a early shopify student and i had a sale and it was the most empowering moment and i had freedom and now that happens almost every single minute on shopify across 825,000 merchants. >> 820,000 -- >> and we have more than that. and if you have put all of the merchants into one big bucket we're the third largest nine retailer in the united states and that is important because we could take the economies to scale that traditionally the third biggest rrtder in the united states could do and we're able to trickle them down to entrepreneurs. so we're leveling the playing field so they get better rates on shipping and processing and capital and now the small businesses could compete with the biggest retailers and brands on planet. >> and you're up with the -- with the ammo, too
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because you have readers and things that make it so that they're equal even when it comes to technology. >> and our view is retail is everywhere and we're in this retail operating system. come with up and build an online store or use our product to sell in brick and mortar or sell on instagram or e-bay or anywhere but it is one centralized back office and that is where you run your business. that is something that wasn't even possible a couple of years ago. >> that is crazy because they focus on you might lose business to instagram but you are like the paypal you don't care who gets it it is your platform. it doesn't matter if instagram helps. it is probably better. >> the more places the merchants could sell the better it is. the complexity of retail becomes more complicated and shopify will simplify the whole process for entrepreneurs and we have economics with the different channels so there is still upside for us when our merchants sell across a whole bunch of channels. >> 2019 is the year for regina
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hill to talk about empowerment and companies that are good for others you have -- you lend, you actually stake hold and mentioned it briefly tell more people about that. because i think it is remarkable you do good for them and do good for you. >> the small businesses could start on shopify but when they want to raise capital, whether for inventory or market, no bank is giving them money and because we understand their businesses we're able to deploy capital to start a business and we've given $500 million worth of capital to small businesses that wouldn't never get that -- >> and what the return >> the return is they're able to grow businesses and compete and look at all birds beating companies like nike and bombas taking out the sock industry or kylie cosmetics with the biggest company. >> that is you >> we're trying to level the playing field so anyone that has a great idea and ambition could build an amazing business. >> but the big boys have -- can't fight them, just join
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them, right? now the biggest names in consumer patents because they're using you. >> that is the coolest parts people like p&g and unilever and johnson and johnson coming to us to build their own direct to consumer brand stores. these are big cpg's in the past would only go into big retailers and now going direct and even they are taking a cue from entrepreneurs which we think is cool. >> how does everyone young that i know start a business with shopify but the short sellers don't know anything. how is it possible that people in their 20s know their dream could be realized by shopify and people in their 40s and 50s say i don't know what that thing is. >> i think it is under the covers a little bit -- >> canada or what -- >> that we were canadian and we mentioned the canadian modesty in the environment last time we spoke but people are starting to realize what shopify is doing. shopify is the entrepreneur company. we're the company enabled entrepreneurs everywhere big and small and frankly for those short sellers, they are
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distorting information and not correct and frankly the fundamentals look good our revenue was up 50% year-over-year gmv was $12 billion for the quarter up 50% year-over-year and we get more and more merchants from all over the world today and it is really exciting. >> have to tell you, we go out to silicon valley and i ask what company would you like to buy? what is the company they most want to acquire? all of them -- i'm talking about supply chain and cloud-based they mention shopify but you are not for sale. >> not for sale. we want to bring a 100-year company and we think we're just getting started and last quarter was the great start to the year ahead. >> and people say, wait a second, you are up against amazon and there is no room. it is a false dichotomy. >> amazon is a big market place and we have merchants who cross sell but you need to sell everywhere and own the relationship with your customer. when you go to a big market place, you bring customers and when you build your online physical store you own the entire customer relationship and
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that customer is your customer and remarket to them and that is a much better business model than just selling on a single place. >> i have one minute left. give me one great story of somebody who had nothing and created something with your help. >> i like to talk about someone named debbie sterling called goldy blocks and she was frustrated by the fact she couldn't find toys to inspire little girls to become entrepreneurs and so they started her store for the build the business competition and build this amazing -- >> a business competition. >> and debaty created goldy blocks and has grown to be one of the best toys on the planet competing with mattel for business and she did the whole thing on shopify another one is movement watches. this company started in 2014 on shopify making watches and a couple of months ago they were acquired by movado for $2 million and i have 820,000 stories like that happening on our platform every single day. >> you make me happy. >> that is harvey finkelstein
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and the shopify chief operating officer. thank you so much. >> "mad money" is back after the break. [knocking] ♪ ♪
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right now we're in the heart of earning season and with so many companies reporting, it is tempting to take your coue from the stocks and from company reports. as i told you last night, sometimes the action is misleading with more to due with the expectations than the fundamentals take a company we supported for ages, zebra, the intelligence company helps other businesses keep track of inventory or vehicle orz employees. they make special printers or mobile computing, data capture and radio frequency identification and realtime locating systems all chf are essential in a world dominated by e-commerce. if you want to compete with amazon, that is where zebra comes in this morning they reported a solid quarter, stock got crushed. down 7%. why? even with the delivered modest reporting it was disappointing
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but the real problem was the zebra stock had run up substantially in the three months since last reported so a lot of investors thought there wasn't much more to do but i think it is a buying opportunity but don't take it from me. let's talk to anders good to see you. so anders, i know that i'm the stock guy and you're the company guy but when i went through the quarter, what i came back with was there were some people who said you had such a strong beginning, that maybe you don't think the second half will be as strong given what you gave your guidance i think you should clear up before we talk about what you really do. >> first we had a strong first quarter. 9% revenue growth and eps is up and our phenomenal growth rate so it has moderated a little bit over first quarter as we look into second quarter. or second half we felt we have confidence in the outlook we gave but we don't
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want to get ahead of our skis either. >> and there is something about the list i gave of all of the different parts versus what happened in the conference call which i thought was good you are changing the narrative finally. it is not just different products, you are basically becoming a consultant to people who need to keep their costs down, become more efficient, and certainly maybe if they can control the cost of labor which has gotten very high is it coming together now that you're not just a bits and bobs company. >> yeah. i think we've worked hard for a long time to make our devices more intelligent, to instrument environments to be able to take advantage of the data and a couple of things that we do well that is helping us in that area is we know our customers work flow really well and how they do business and we can help to advise them how to do that better and we have more access to the data from the edge of the enterprise to take advantage and analyze and provide feedback or
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renltss about what to do next. >> tomorrow you go to ring the closing bell the 50th birthday. how is the company changed because you made a radical acquisition which took a lot of guts because people thought you took down debt but you had a lot of cash so it is a different company from 50 years ago. >> we started 50 years with our two founders that had an idea of doing a -- a whole punch tape chemical equipment and in the mid-80s we made a transition into bar coding and then four or five years back we made the acquisition of the enterprise business which worked out well and that is quite a different company. >> can you talk about the -- there is discussion about the android mobile computer and what it means for you i think that is something that people are very excited -- it is the most -- each person is a force of ten because of it. >> android in the enterprise, microsoft windows ceo or windows mobile devices used to be the standard we were the first to really
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adopt and promote android for the enterprise and we estimated there is about 10 million devices, microsoft devices left in the market and we see that as great opportunity for us and we at android have been able to drive a lot greater leverage of new use cases, so people are using it in different forms and they're pushing the technology out further into the enterprise. so more and more people are getting it -- some form of device or technology in their hands. >> so if someone gets the technology, versus let's say five years ago, how many people would you need to run a warehouse five years ago versus now with this technology >> i would say generally it is hard to generalize -- >> i'm trying to say -- it keeps cost down. >> maybe a different -- cite a different example. if you look at retailers and logistic companies that they raise minimum wage as an
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example. quite substantially. yet everybody said that they are keeping op ex the same and they are doing that by providing more automation and so you could say that whatever -- that increase in ratio were, without having to increase op ex, that is something that we and others help to drive. >> and let people know about the science. anything new, nfl with you >> the nfl today is going very well it is a little quiet -- >> you guys know -- well, your technology is superior for everything. >> so they -- they use it more and more and now we're seeing more -- each club, each team is working hard on figuring out exactly how can they drive the most value out of this and so we see more and more interest from the practice fields for how to use it in practice and not just on game day. >> arms race between walmart and amazon i know that you don't necessarily name clients in your -- in your debt but it seems like that has to play
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right into zebra's hands. >> yeah. the -- the focus on innovation, that is come from e-commerce and now brick and mortar type of retailers responding by having to deploy more technology and be more innovative and that is something that helps us as we can basically provide tools and solutions for both e-commerce and traditional brick and mortar retailers to be able to enter omni channel and get new use cases or business models. >> i think the whole world is going your way not just the united states want to thank anders gust afterson, the ceo of zebra technologies zbra it was down today but as i keep trying to tell you, it is earning season stocks go down even though they shouldn't. "mad money" is back after the break. >> announcer: take control of your financial future with the new "mad money" cnbc.com full episodes and analysis and even your own sound board. plus special access to "mad
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money" 101 with rules and techniques to break down the market for all investors. >> the red flag that makes me drop a stock -- >> announcer: it is everything you need right when you need it. the new madmoney@cnbc.com.
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it is time the "the lightning round." >> and then lightning round. are you ready? the "the lightning round." and we'll talk with daniel in california. >> hey, dr. cramer thank you for taking my call. >> i always like that doctor what is up. >> caller: just wanted to get your thoughts on pro logic and any other real estate investment trust you're watching right now. >> the only -- the real estate investment trust, not such a great number from simon properties today and that is a company that i respect and you're buying prolodge at the all-time high. let's just stay away let this come in for a little. i think rates could go higher.
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to victory in puerto rico. >> caller: jim, greeting from puerto rico. >> i just came back from puerto rico. >> caller: walgreens -- >> i don't like that stock i think that the company is lost its way. they are -- they have to make some changes because right now they are getting hurt by amazon. let's go to paul in virginia paul >> caller: evening jim, thank you for taking my phone call. >> of course. >> caller: looking into purchasing some carnival cruise lines. ccl. >> well it has that good yield 3.65 but you know what, i do prefer norwegian because i think they're doing slightly better. and that is -- that is your boo with frank del rio and i keep his card handy because the stock is monster to jeanne in florida jeanne >> caller: hi, there, crim thank you for taking my phone call i bought vodafone at $27 a share
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a few months back and for growth and dividend and the dividend is very good. it has gone down to 18 and change, should i keep it. >> i guess so. but if it passes -- they don't have any growth and that worries me a great deal. no growth. how about jerr florida jerry? >> caller: hello, mr. cramer i want to thank you very much for taking my call >> of course. >> caller: i bought macy's symbol "m" in november of 2018 and i still have it. >> macy's is down 21% for the year it does yield 6. that dividend is safe while they start breaking out some money and you'll get better numbers but, jeff, right now it is not worth -- the stock is not working but i'll take that yield and take that dividend until we get higher stock prices. to craig in pennsylvania >> caller: what is going on, jim, how are you doing today >> i'm doing -- i'm kind of having a good day. how about you. >> caller: i'm doing magnificent.
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i have a question about a stock a couple of years ago about -- it was a sticker -- or ticker symbol ecl. >> that is just the greatest that company is fabulous you could own it and do some homework and i've had that company since i got into this business that's a great choice. and how about randy? randy? >> caller: boo-yah, jim. and much gratitude from so cal i'll tell what you i'm asking about and i'm looking fo entry in oil producers looking specifically in the permian. what do you think has apache corporation, apa, turn the corner. >> too much natural gas and no outlet for that natural gas and do nothing and mexico and i prefer if you want to go to the permian, do pioneer or eog both of those are better companies than apache. you could also do simmer ex but they are -- equal. but we won't push that one
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how about to jeff in kentucky jeff >> caller: boo-yah, jim, how are you. >> i'm good. how about you, jeff? >> caller: gearing up for the kentucky derby in louisville. >> i've been there and i like it. >> caller: calling about elastic, estc. >> i do -- i do not know elastic and i'm elastic on the stock on elastic. >> and to jerry in texas. >> caller: yes boo-yah. >> boo-yah. >> caller: i have some stock and i don't know -- i'm thinking of either selling it or holding it -- >> oh, come on, hold it until the quarter. chuck robins could do a good job and if it is not the perfect quarter, think about how he reinvented the company he never gets credit chuck and team two people underrated and undervalued and are heros. and that is "the lightning round."
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>> announcer: "the lightning round" is sponsored by td ameritrade ♪♪ ♪♪ ♪♪
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a lot of home builders are on fire. lower mortgage rates and buyers but this kind of turn takes time and sometimes stocks could get ahead of themselves. consider the case of tri-point group, that is tph and now local housing brands with huge exposure to the west coast and nevada, colorado and texas and states in the mid-atlantic and north carolina and all where you want to be
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when they reported, the stock lost 7.6% of the value why? because the stock had run up but the company delivered revenue beat with a small earnings and building margins were down substantially year-over-year since the beginning of 2019, we know housing conditions improve and could this provide a good buying opportunity let's talk to the ceo who is here celebrating the 10-year anniversary. and mr. bower, welcome back to "mad money." good to seeyou, doug have a seat. i like to think, like you say on the show, i don't care where something has been and where is it going rates have gone your say since the beginning of the quarter in the cadence of things, are people coming back in because mortgages are not so bad. >> we definitely saw either the momentum shift from the fourth quarter into the first quarter the consumer is definitely more engaged. but you really -- the real picture at housing over the long-term is the demographic picture. you have millennials and baby
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boomers and that need, that demand hasn't been met for the last several years. >> at the same time, it is tough to be in the business. i know from your terrific deck, you are very transparent, home sale revenues down 15% and home building gross margin are under pressure,le 30 basis points. now there were one-time things there to explain but it doesn't sound like it is a fabulous time to be in given that new delivers were down 12%. >> the first quarter reflects the second half of last year when the market softened up. all of the builders took a little bit of a beating second half of last year. you come into the first quarter and that is what you are delivering as we mentioned in our earnings call, we have a 23% margin in our backlog and we've got a good runway for the rest of the year. a lot of wood to chop but it is -- the market is looking good. >> isn't it true that in some ways j. powell who is attacked wholesale by the president today did one thing, made it so that -- the price of housing down to make it more affordable. that did happen.
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>> definitely. having the fed take their foot off the pedal on interest rates has helped but in the long run it is the demand characteristics, good job growth and strong wage growth and those are the things that drive the demand of housing. but in the interim, lower interest rates help. >> you happen to have a gift which is warehouse or piece of property and tell people, it is like the last big, big area and then talk about zoning because barry stern who helped start you said zoning has so gotten in the way of builders it may never be the way it was. you have a good heritage here. >> a great question. when we bought warehouser in 2014 we own and control over 11,000 lots in california. california is not going to fall off into the ocean we're very land constrained state. as a matter of fact, the governor has -- went on the record of wanti generate 3.5 ne
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housing units in california. i don't think that will happen in the next seven years but tri-point with the over 11,000 lots we own from the warehouser deal gives us a great runway for the next several years in pulling margins through the p&l and lifting the value of the company. >> and that is good zoning there perhaps people trying to fit in zoning around the country. >> it is so tough. the regulatory environment in california, up and down the state, is so tough so we've got a huge built in advantage from that warehouser deal. >> could you speak about labor costs. a bunch of companies reported today and said, look, you may think there is no inflation but labor is going up. >> labor cost has gone up but as the market slowed down second half of last year we're been working with trade partners to get the cost more in line. but the aging labor force is going to be an issue for years to come and that is something that as an industry we need to work on. >> your expanding into different areas. i like the carolinas how do you pick an area? because how do you decide where
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you want to be >> well, tri-point is our ten-year anniversary we went from 0 to $3.2 billion and our goal nor the text ten is double that. and so you look at the southeast and the carolinas, atlanta, florida, nashville, we're in none of those markets so those are great markets to grow in in addition to texas and the rest of the southwest. >> is phoenix the hottest area of the country >> phoenix is very strong right now. >> why >> it is attracting a lot of good jobs, well-paying jobs and the cost of housing is relatively very affordable hasn't had the run-up that some of the other markets had over the last five years. >> and about two years ago i looked for a place with my daughter in san francisco. and she thought that it was per year what was per month when we were looking at rental and said, this is out of control. there is one bedroom and a starter home is $1.5 million kwh i read your stuff, i thought maybe there is a break in san francisco and even though
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silicon valley is doing well, maybe it finally did -- people realize it got out of hand. >> the cost of housing in the core of bay area where your daughter is, it has gotten out of hand. and what -- the way to fix it and what the governor is looking to do is give some relief to the regulatory environment this is economics 401. >> i thought that trump was a pro -- >> we need to get more land and more supply approved through this regulatory environment. and we can bring the cost of housing in california more in line with the rest of the nation. >> that has to happen. because it is just -- >> it will. >> -- you can't have nothing but the richest of the rich living in the bay area. it is wrong. >> i agree. >> fantastic doug bower, ceo of tripoint group. good to see you. thank you. "mad money" will be back after the break. from managing inventory... to detecting and preventing threats...
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to scaling up your production. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence.
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apple. own it, don't trade it i like to say there is always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer and i'll see you tomorrow
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>> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ are darryl and randy lenz with a product to help ease the stress of traveling with children. come on, honey. ♪ (darryl) come on. come on, honey.
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hi, sharks. my name is darryl.

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